Rex Pipes and Cables Industries Balance Sheet Health
Financial Health criteria checks 4/6
Rex Pipes and Cables Industries has a total shareholder equity of ₹314.0M and total debt of ₹283.7M, which brings its debt-to-equity ratio to 90.3%. Its total assets and total liabilities are ₹702.1M and ₹388.1M respectively. Rex Pipes and Cables Industries's EBIT is ₹90.0M making its interest coverage ratio 3.2. It has cash and short-term investments of ₹33.6M.
Key information
90.3%
Debt to equity ratio
₹283.65m
Debt
| Interest coverage ratio | 3.2x |
| Cash | ₹33.62m |
| Equity | ₹314.04m |
| Total liabilities | ₹388.06m |
| Total assets | ₹702.09m |
Recent financial health updates
Recent updates
These 4 Measures Indicate That Rex Pipes and Cables Industries (NSE:REXPIPES) Is Using Debt Reasonably Well
Jul 14
Rex Pipes and Cables Industries Limited (NSE:REXPIPES) Screens Well But There Might Be A Catch
Jun 17Do Rex Pipes and Cables Industries' (NSE:REXPIPES) Earnings Warrant Your Attention?
Mar 15With EPS Growth And More, Rex Pipes and Cables Industries (NSE:REXPIPES) Makes An Interesting Case
Nov 03If EPS Growth Is Important To You, Rex Pipes and Cables Industries (NSE:REXPIPES) Presents An Opportunity
Apr 29A Look At The Fair Value Of Rex Pipes and Cables Industries Limited (NSE:REXPIPES)
Feb 23Financial Position Analysis
Short Term Liabilities: REXPIPES's short term assets (₹578.2M) exceed its short term liabilities (₹373.0M).
Long Term Liabilities: REXPIPES's short term assets (₹578.2M) exceed its long term liabilities (₹15.0M).
Debt to Equity History and Analysis
Debt Level: REXPIPES's net debt to equity ratio (79.6%) is considered high.
Reducing Debt: REXPIPES's debt to equity ratio has reduced from 138.5% to 90.3% over the past 5 years.
Debt Coverage: REXPIPES's debt is not well covered by operating cash flow (8.8%).
Interest Coverage: REXPIPES's interest payments on its debt are well covered by EBIT (3.2x coverage).